Caledonia Mining (NYSEAMERICAN:CMCL) Stock Rating Upgraded by Cantor Fitzgerald

Caledonia Mining (NYSEAMERICAN:CMCL) was upgraded by analysts at Cantor Fitzgerald from a “hold” rating to a “speculative buy” rating in a note issued to investors on Monday, Benzinga reports. The firm currently has a $13.50 price target on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 37.90% from the company’s current price.

Caledonia Mining Stock Down 4.5 %

Caledonia Mining stock opened at $9.79 on Monday. Caledonia Mining has a 12-month low of $8.91 and a 12-month high of $15.14. The firm has a market cap of $125.61 million, a P/E ratio of -28.79 and a beta of 0.68. The company has a current ratio of 1.35, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02.

Caledonia Mining (NYSEAMERICAN:CMCL) last released its earnings results on Thursday, March 28th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $38.66 million during the quarter. Caledonia Mining had a negative net margin of 2.87% and a positive return on equity of 4.06%.

Institutional Investors Weigh In On Caledonia Mining

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in Caledonia Mining during the 3rd quarter valued at about $50,000. Headinvest LLC acquired a new stake in shares of Caledonia Mining in the 3rd quarter worth approximately $55,000. SG Americas Securities LLC acquired a new stake in shares of Caledonia Mining in the 4th quarter worth approximately $124,000. Barclays PLC lifted its stake in shares of Caledonia Mining by 266.2% in the 3rd quarter. Barclays PLC now owns 21,621 shares of the company’s stock worth $214,000 after acquiring an additional 15,717 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of Caledonia Mining in the 3rd quarter worth approximately $237,000. Institutional investors own 31.78% of the company’s stock.

About Caledonia Mining

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.